Crown Equity Holdings, Inc. reported a revenue of $135,301 for the three months ending March 31, 2025, a decrease from $301,000 in the same period of the previous year. The company’s operating expenses significantly declined to $17,091 from $1,287,376 year-over-year, primarily due to reduced general expenses, including auditing and website development costs. Consequently, the net loss for the first quarter of 2025 was $3,259, a notable improvement compared to a net loss of $3,661,094 in the first quarter of 2024.
The company’s total assets decreased to $1,534 as of March 31, 2025, down from $3,858 at the end of 2024. Current liabilities also saw a reduction, totaling $274,938 compared to $325,505 in the previous fiscal period. This resulted in a working capital deficit of $273,404, raising concerns about the company's ability to continue as a going concern. Crown Equity's accumulated deficit increased to $18,661,347, reflecting ongoing financial challenges.
In terms of operational developments, Crown Equity has focused on its digital advertising services, which include click-based and impression ads. The company reported that all its revenue for the quarter was generated through third-party advertising on its websites. The total number of shares outstanding increased slightly to 15,904,230 from 15,840,384, reflecting the issuance of shares for the conversion of accounts payable and notes payable. The company continues to rely on related party transactions for financing, with total related party notes payable amounting to $139,355 as of March 31, 2025.
Looking ahead, Crown Equity plans to continue its efforts to reduce expenses and improve profitability. Management has indicated that it will seek additional funding through debt and equity financing to support its operations. However, the company acknowledges that there is no assurance that such financing will be available on acceptable terms, which could further impact its financial stability. The company’s management is also aware of the need to enhance its internal controls and financial reporting processes, as identified weaknesses could affect its compliance with regulatory requirements.
About Crown Equity Holdings, Inc.
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